408 2nd Street Nw, Puyallup, WA 98371

Puyallup
Local realty services provided by:RSVP Brokers ERA
Listed by: tyler freed
Office: windermere real estate/psk inc425-433-6974
MLS#:2574077
Source:NWMLS
408 2nd Street Nw,Puyallup, WA 98371
$1,175,000
  • - Beds
  • - Baths
  • 3,986 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,175,000
  • Price per sq. ft.:$294.78

About this home

Turnkey 5-unit investment opportunity in the heart of Downtown Puyallup! Extensively updated and exceptionally maintained, this property features five spacious 2-bedroom, 1-bath residences of approximately 775 square feet each, with beautifully remodeled interiors designed for lasting tenant appeal. Major improvements include a new roof in 2025, replaced electrical breaker panels throughout and upgraded triple-pane vinyl windows. Strong in-place rents provide immediate income, while the on-site coin-operated laundry offers an additional revenue stream. Situated on a generous 14,400 square foot corner lot with eight covered carport spaces plus three additional parking spaces. An outstanding location just blocks from the Puyallup Sounder Station and moments from downtown dining, shopping and amenities. A rare opportunity to acquire a renovated, income-producing 5-plex with significant capital improvements already completed in one of Puyallup’s most convenient locations.

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Home facts

  • Year built:1976
  • Subdivision & Development:Puyallup
  • Listing ID #:2574077
  • Updated:October 31, 2026 at 05:43 PM

Rooms and interior

  • Flooring:Carpet, Vinyl Floor
  • Living area:3,986 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1976
  • Building area:3,986 sq. ft.
  • Lot area:0.33 Acres
  • Lot Features:Curbed Lot, Paved, Sidewalk
  • Construction Materials:Cement/Concrete Exterior Finish, Wood Products Exterior Finish

Schools

  • High school:Puyallup High
  • Middle school:Kalles Jnr High
  • Elementary school:Stewart Elem

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,175,000
  • Price per sq. ft.:$294.78
  • Tax amount:$8,924 (2026)

Parking

  • Total parking spaces:19
  • Carport spaces:8
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